Locking up the butter in Russia (CNN). Official inflation in October was 0.8% m/m (annualize that and it’s about 10%. That’s the official inflation rate. The ex post rate is around 11% then. Taking the CBR’s expected inflation rate of...
Since the incoming administration has indicated the deportations will start on day one, I thought it of use to consider the sectoral impacts of a policy of mass deportation (aside from macro based ones as discussed here). First, I consider...
By Lambert Strether of Corrente. Patient readers, yesterday was the complex maneuvering preparatory to travel. Today is the lurching and jolting of actual travel, hopefully arriving at a full complement of Water Cooler items. –lambert Bird Song of the Day...
Yves here. I suspect readers will find this piece on America losing, or perhaps more accurately, sabotaging its empire to be frustrating. But as Financial Times columnist Lucy Kellaway once said, “The good thing about someone else’s prejudices is that...
Yves here. Despite Tulsi Gabbard having loudly and consistently opposed US “regime change wars” and taking political risk to do so (like meeting with Assad), Tom Neuburger reminds us that she’s a hawk on other issues, like supporting Israel. He...
Yves here. Some things can’t be said often enough. In this case, the topic is what caused the inflation that is still stinging many Americans. It’s become a favorite hobbyhorse that the admittedly hefty Biden stimulus is the perp. But...
Yves here. KLG discusses how sociologist Arlie Russell Hochschild’s latest book on the deep shame of working class people who have lost productive and decent-paying jobs explains why many voters turned to Trump, as opposed to Democrats determined to shame...
Lessons From Lucy Sapiens Aztec Death Whistle Was Designed to Haunt the Mind, Brain Scans Confirm ZME Science Private equity: vampire capital Michael Roberts’ Blog Microsoft Flight Simulator 2024 arrives with a “full digital twin” of Earth Ars Technica Climate/Environment Massive...
Including HICP and nowcasted PCE deflator. Figure 1: Instantaneous inflation per Eeckhout (2023) for CPI (blue), chained CPI (red), HICP (green), PCE deflater (bold black), PCE market-facing deflator (pink). Chained CPI and HICP seasonally adjusted by author using X-13. PCE...
Today, we are pleased to present a guest contribution written by Joshua Aizenman (University of Southern California) and Jamel Saadaoui (Université Paris 8-Vincennes). This post is based on the paper of the same title. The outcome of the 2024 US presidential election...
